Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves | Getty ImagesMedia giants relied on sports last year when they had...
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Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Billionaire investor Stanley Druckenmiller revealed Tuesday that he slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run."We did cut that and a lot of other positions in late March. I just need a break. We've had a...
China consumption slows as retail sales and investment data disappoint
Pictured here is a BYD factory producing new energy-powered trucks in Huai'an, China, on February 21, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.Retail sales rose by 2.3% in April from a year...
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday."I think that as far as Europe is concerned we need a more mature attitude in our trade, securing our economy ... especially...
China’s Shenzhen metropolis sees fastest growth in millionaires globally
Shenzhen city skyline.Photographer is my life. | Getty ImagesChina's Shenzhen has recorded the fastest growth in millionaires over the past decade, and is poised to see a further influx in the coming years, according to a recent report.Shenzhen recorded 140% growth in millionaire count, according to the report from New...